HN user
Bored banker here. I think it's a great name. It shows that even though a lot of people look at the finance world as high-energy and lucrative, in reality it's a bunch of overly-confident young guns looking at spreadsheets all day. I felt like the domain was calling my name..
If only he had followed it up with the recipe..
massive difference. decent retirement money versus 'do whatever you want for the rest of your life' money
I do just want to point out that corford is spot on with the banks' piece. They do add value by facilitating the process, but ultimately the fees they rake in, and I mean rake in, are disproportionately high compared to that value.
You mean besides the business it would get?
yes, absolutely, it's actually quite likely considering it's a very thinly traded currency.
The author also mentions "Although it may seem like the company is saving money — because you don’t have to provide temporary workers with medical coverage or paid vacation time."
I just want to point out that contractors actually cost the company MORE money than employees, on average around $30k/year per worker. I think the main reason contractors are used is because many full-time employees "settle" somewhat and don't have the same drive that contractors do (i.e., contractors feel they have more to prove and are thus more productive). Also, contractors can be fired without any consequences, which is not to be said about employees. But I don't think cost is the main driver here.
genius
but i love breakfast.